Posted On October 26, 2017By BlackbeardIn News

Malaysia 2018 Budget: Is there any financial restraint?

PETALING JAYA: The Government is expected to exercise financial discipline even though the coming budget, which will be unveiled tomorrow, is the last one before the next general election. Economists said Prime Minister Datuk Seri Najib Tun Razak was expected to target a lower federal government budget deficit compared with 3% this year. “The overall debt levels are also expected to be lower, considering that there is a cautious outlook on the global economy and oil prices are still soft,” said an economist. Towards this end, the International Monetary FundRead More
Shares of jewelers climbed in India after the government set the rate for gold under the uniform goods and services tax below expectations, signaling a potential recovery in demand in the world’s second-largest market. Titan Co. advanced as much as 15 percent to a record 542.50 rupees ($8.4) in Mumbai, while Tribhovandas Bhimji Zaveri Ltd. increased as much as 7 percent, Gitanjali Gems Ltd. was up 8.6 percent and PC Jeweller Ltd. gained 9.8 percent. India fixed the duty at 3 percent over the weekend, lower than the 5 percent expected, Ketan Shroff, joint secretary at the India BullionRead More
HANOI (May 22): The cost of living is a key concern among Malaysian voters, according to a member of Prime Minister Datuk Seri Najib Razak’s cabinet, setting the stage for it to be a major campaign topic in polls expected within months. There is a “general expectation” among the public that elections will be held in 2017, Trade Minister Datuk Seri Mustapa Mohamed said in an interview on Friday in Hanoi, adding it is up to Najib to decide the “best moment to strike.” The ruling coalition has been workingRead More

Posted On May 11, 2017By HoudiniIn News

Tax cuts will boost Malaysia’s competitiveness

KUALA LUMPUR: A reduction in personal and corporate tax rates in Malaysia to 15% would help boost its competitiveness, according to a study by the Institute for Democracy and Economic Affairs (Ideas). Malaysia currently has a corporate tax rate of 24% and a top personal tax rate of 28%. “If policymakers prefer more modest reforms, lowering personal and corporate tax rates to 15% would be a very astute strategy to boost regional competitiveness,” said Dr Dan Mitchell, a US expert on fiscal policy who conducted the study titled “Malaysia’s taxRead More